Natural Petroleum and Gas Company (CGSB), June 24, reported an autonomous profit at 6,734 crore for the quarter ended June 20, 1921, directed by the realization.
Major oil and PSU gas recorded a loss of 3,214 RS crore in a quarter of the previous year.
Gross sales during the quarter decreased by 1.2% to 21,189 crore compared to the last fiscal period, the Company stated in its BSE filing.
Net realization increased by 18.4% to $ 58.05 a barrel during the March quarter, compared to $ 49.01 a barrel during the last quarter due to higher oil prices. In the midst of the hope of recovery of demand after the decline in CVIV-19 cases.
During the full year, FY21, CGSB recorded a 16.5% decrease in profit of 11,246 crore and 29.2% of gross revenues at 68 141 believe, compared to the previous year.
“Despite the blocking of the campaign because of the Pandemic of Covid-19, CGSB has almost reached the production levels of last year in case of crude oil from its operated blocks,” said the company.
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The company added: “The deficit of natural gas production is mainly due to less offense by customers because of the CVIVID pandemic. This has also resulted in a deficit for the production of condensate products and Added value (VAP). “
CANG said it stated 10 total discoveries (3 in Onland, 7 at offshore) during the 2001 fiscal year in its operating areas. “Among these, 6 prospects (1 in Onand, 5 off) and 4 are swimming pools (2 in Onland, 2 at sea).”
With the monetization of the Ashoknagar-1 discovery, “The Bengal Basin has become the eighth sedimentary basin of India from which the hydrocarbon has been produced commercially. This resulted in a gradation of the Bengal basin in the category basin. -Ind according to the new category of three levels -classification of the sedimentary basins of India, “said CANG.
CGSB stated that it had recommended a final dividend of 1.85 Rs per share, taking the total dividend for the 2001 fiscal year at 3.60 RS per share.
